Since the 1980s, various international corporate groups, with the help of local partners, have formed alliances with the aim of exploiting Bangladesh's abundant natural resources and making quick profits. In this vein, instead of strengthening national capability, policies were formulated to lease out oil and natural gas fields to international companies.
With the work on a new model offshore production sharing contract and a survey at the final stages, Bangladesh is hoping to revive its chances of finding gas in the sea.